CITAD Fund Transfer (SA)

Use cases

• Customer transfers funds to another bank (CITAD)

A retail or corporate customer initiates a transfer from their account to a recipient at a different bank through Internet Banking or Mobile App.

• Branch-initiated interbank transfer

A teller performs a fund transfer to another bank on behalf of a customer using the core banking system, leveraging this API to route via CITAD.

• High-value payment settlement

Used for high-value transactions that require same-day settlement through the State Bank's CITAD network instead of the FAST system.

• Payroll or bulk disbursement to external banks

Businesses use this API to send salary payments or vendor payments to beneficiaries with accounts at other banks via CITAD.

• Fallback mechanism when FAST is unavailable

In case the FAST system is down or the receiving bank is not part of FAST, this API serves as a fallback method for interbank transfers.

Error Handling